NLMK Group, a global steel company, has opened a laboratory centre in Lipetsk for microstructure analysis, which will analyse the properties of steel to develop new premium products and optimize metal processing techniques.
Due to the COVID-19 outbreak, all NLMK Group employees over the age of 65 in Russia have been asked to stay at home.Employees of an advanced age have the choice of working from home or taking a paid vacation or quarantine leave until 30 April 2020. The end date could change, based on how the situation develops.
Due to increased volatility on global markets associated with the COVID-19 outbreak, NLMK Group is withdrawing its previously issued guidance on 2020 capex programme of $1.1-1.2 billion for a downward revision.
Due to the threat of the coronavirus infection (COVID-2019) spread and in line with the new provisions of Russian laws stipulating the possibility of holding Annual General Shareholders’ Meetings in 2020 by absentee voting, NLMK’s Board of Directors has resolved to hold the NLMK AGM on 2019 results on April 24, 2020 in the format of absentee voting.
NLMK Group has launched a ‘virtual assistant’ pilot: a digital service for real-time interaction with suppliers and optimization of standard supply chain operations.